Home' Trinidad and Tobago Guardian : June 4th 2013 Contents A57
Tuesday, June 4, 2013 www.guardian.co.tt Guardian
A controversy has arisen over Mahendra
Singh Dhoni s involvement with Rhiti
Sports Management Private Limited, the
company that manages his commercial
interests and those of some other India
players such as Suresh Raina and Ravindra
Jadeja. The company also looks after Chen-
nai Super Kings marketing.
For a little over one month this year, as
admitted by the company, Dhoni owned
part of Rhiti, which meant that, at least on
paper, he was India captain with a say in
the selection of players managed by the
company he co-owned and a possible share
in the profits that their endorsements yield-
ed. Dhoni was issued the normal category
of shares that had been issued to Rhiti
Sports other shareholders, which indicates
he received a proportionate share in the
Rhiti Sports was set up and is run by
Dhoni s long-time friend Arun Pandey. By
a board resolution dated March 22 this year,
Rhiti Sports decided to allot 30,000 shares
of Rs 10 each to Dhoni, amounting to a 15
per cent stake in the company, along with
allotment of 120,000 shares of the same
value to Pandey. All along, Dhoni had a
potential conflict of interest, with his close
friend Pandey managing his endorsements
and those of a few cricketers who played
under the India and Super Kings captain.
With the acquisition of the stake, Dhoni
entered into a clear position of being in con-
However, according to a statement issued
by Rhiti Sports, the shares issued to Dhoni
were bought back the following month. "As
on date, MSD holds no shareholding in Rhiti
Sports Management (P)
Ltd," read the state-
ment, signed by Pandey
in his capacity as chair-
man and managing
director of the compa-
ny. "However, it is made
clear that shareholding
was allotted to MSD on
March 22 only to secure
certain old outstandings
which were due for
more than one year.
"Further, the payments were cleared in April
2013 and the shareholding was transferred back to
promoter of the company on April 26.
"It is made clear that the Management of Rhiti
Sports Management (P) Ltd understands its obli-
gations to the field of sport and the country and
adheres to the laws of the land."
There has been, however, no documentation so
far to support the buying back of shares from Dhoni
by the company. (ESPNcricinfo)
Dhoni faces conflict-of-interest question
AIGLE---Giro d Italia stage winner Mauro San-
tambrogio tested positive for EPO in a sample
given on the opening day of the race last month,
the UCI announced yesterday.
Santambrogio joined his Vini Fantini teammate
and fellow Italian Danilo Di Luca in failing doping
tests involving the banned blood-boosting hormone
in connection with the country s signature race.
"At this point I should quit cycling because you
really can t trust the riders," Vini Fantini team director
Luca Scinto said from the Italian cycling federation,
where he was attending a hearing on the Di Luca
case. "If I had (Santambrogio) within my hands
now I would hit him. At this point we re all fin-
"I had spoken to Santambrogio before the Giro
and I told him that there were some rumors going
around about him. A lot of people were saying he s
riding too fast. But he was explicit and guaranteed
me he was clean and said that he was offended by
my request for an explanation. Luca, it s just envy,
he told me. And I always defended him."
The International Cycling Union said it provi-
sionally suspended the 28-year-old Santambrogio
and asked the Italian cycling federation to prosecute
a disciplinary case.
"I can only say that I m incredulous about what
happened and I will ask for a B test as soon as
possible," Santambrogio said.
Santambrogio faces being stripped of his victory
in the tough and mountainous Stage 14 and his
ninth-place finish overall.
The UCI said Santambrogio tested positive in a
urine sample given on May 4, the first stage of the
On May 18, he rode through treacherous weather
conditions into Bardonecchia to beat eventual overall
winner Vicenzo Nibali for the stage win. It was the
biggest success of Santambrogio s career.
Two days before Nibali completed his victory,
2007 Giro winner Di Luca was also announced to
have tested positive for EPO in a sample given days
before the race.
Di Luca was pulled from the Giro and fired by
the Vini Fantini team. The 37-year-old rider faces
a lifetime ban for a third offense.
A third doping case at the Giro involved French
rider Sylvain Georges. The 28-year-old AG2R La
Mondiale rider tested positive for the banned stim-
ulant Heptaminol in a urine sample after the seventh
Giro stage winner
fails doping test
Mahendra Singh Dhoni
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